Sky will cost Rupert Murdoch $2.5bn less after Brexit vote
The acquisition of Sky by Rupert Murdoch’s 21st Century Fox is costing the media mogul about $2.5bn (£2bn) less than it would have before the Brexit vote that was backed by the majority of the tycoon’s newspapers. The plunge in the value of sterling over the last six months means the US company is paying about 15% less than it would have done if the deal was struck on the day of the referendum on 23 June.
Continue Reading https://www.theguardian.com
Join the Discussion